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ofous answers, he ran away from his tax cutser the platform. he ran away from that. on the substance, he didn't do that well. it is true obama was not as engaged as some hopes. he didn't even up the 47% remarks that rom romney had made. we'll see as the next debate is. >> we heard governor chris cristie say tonight was going to be a game changer. yo you think it will change things? what about the undecided voters? >> it might. you'll notice obama is under 0%. you have a lot of debates. this could be a game changer. romney is a clear winner tonight. he'll have to win all three to a a chance if this thing. obama, i loof sports analogies. he has this idea that he can run the clock out. a lot of people lost races that way. big mistakes by the president tonight. democrats admit not getting into the tape in the 47%. the other thing you'll see in the coming days, obama checking his notes, almost like bush checking his watch in the '2. you'll see reaction to that. this gets worse for oh mamma. >> cattily does the president need to do to con vints the american people need to
ofous answers, he ran away from his tax cutser the platform. he ran away from that. on the substance, he didn't do that well. it is true obama was not as engaged as some hopes. he didn't even up the 47% remarks that rom romney had made. we'll see as the next debate is. >> we heard governor chris cristie say tonight was going to be a game changer. yo you think it will change things? what about the undecided voters? >> it might. you'll notice obama is under 0%. you have a lot of...
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Oct 8, 2012
10/12
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message >> welcome back. good morning, washington. brian van de graaff. have chilly temperatures. it is not in this cold since late april. 46 downtown, 37 in frederick and gaithersburg, 36 in winchester right now. martinsburg. until in the air. satellite picture shows showers from yesterday. have clouds this morning and it's a little foggy off to the west. sunshine early this morning, high-pressure scooting and another system passing to our south. a couple showers possible this evening. sunshine tomorrow and then a few more clouds by the middle of the week. will climbratures 50's.the let's check in with angela foster. we're having some trouble hearing angelo wright now. 4:44. columbus day. the department of public works not ticket drivers today expired meters or limit in the time residential zones. >> it is chilly outside. degrees in the di
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message >> welcome back. good morning, washington. brian van de graaff. have chilly temperatures. it is not in this cold since late april. 46 downtown, 37 in frederick and gaithersburg, 36 in winchester right now. martinsburg. until in the...
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Oct 4, 2012
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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tax reform is hard. the tax code will be00 years old less year and we have had less than a handful of comprehensive reforms as a going-in proposition, it's hard to do. >> i have sympathy for what doug said as well. however here's the thing i watched the debate with a bunch of students out of notre dame university and there was a ton of head scratching going on. i want to quote some of the things the governor said. >> brown: it's a good school so there should be smart students. >> he said "i will not reduce the taxes paid by high income americans. i will not reduce the taxes paid by high income americans." now this is a guy who's going around saying i'm going to have a very large tax cut. >> brown: what does that mean, do you think there? >> what it means is that mitt romney makes a real distinction between cuts in tax rates and cuts in tax liability cuts in what you have to pay the i.r.s. what he's saying is to the wealthy folks we'll cut your rates but raise your deductions so your taxes will be the sam
tax reform is hard. the tax code will be00 years old less year and we have had less than a handful of comprehensive reforms as a going-in proposition, it's hard to do. >> i have sympathy for what doug said as well. however here's the thing i watched the debate with a bunch of students out of notre dame university and there was a ton of head scratching going on. i want to quote some of the things the governor said. >> brown: it's a good school so there should be smart students....
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Oct 4, 2012
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax -- it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles simpson, by the way. get the rates down, lower deductions and exemptions, to create more jobs, because there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim, you may want to move on to another topic, but i would just say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense, over ten years, that's mor
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax -- it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles...
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Oct 4, 2012
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this is a tax in at del. i will call it the economy tax. >> commit romney, so often stiff and wooden seemed a different man. look at the gleam in his eyes as he talked directly to the opponent. the credit was measure but hardly fired up. they clashed on health care and why the president had not picked up a plan to cut the huge debt. >> the president should have grabbed it. he wanted to make adjustments to accommodate and go to congress. >> that is what we have done. we have made adjustments -- >> you have been president for years. you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year promi
this is a tax in at del. i will call it the economy tax. >> commit romney, so often stiff and wooden seemed a different man. look at the gleam in his eyes as he talked directly to the opponent. the credit was measure but hardly fired up. they clashed on health care and why the president had not picked up a plan to cut the huge debt. >> the president should have grabbed it. he wanted to make adjustments to accommodate and go to congress. >> that is what we have done. we have...
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Oct 4, 2012
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll take to sunday's game, one of the nlds against the cardinals or braves. yes, the nats have home field advantage after wednesday's win and that is a 2-3 form at, meaning the first two are on the road. yesterday, ryan zimmerman last the home crowd, 25 runs on the season for him and michael morris teed off as well for the team's 98th win and that is a 95-1 final. the orioles -- orioles game didn't go as well and that is because of what he needed to get out of the season and he hit two home runs and three yesterday. the top 4-1, meaning baltimore visits the tex
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll...
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Oct 4, 2012
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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(applause) the first half hour was an or geoof tax policy minutish-- orgy was tax policy minutia, and they moved on to the intricacies of medicare solvency it was off the hook, in that it would have been more interesting to listen to a dial tone. (laughter) but however wonky it got last night there was no miss tacking that there was a fire breathing leftie on that stage spewing heated socialist rhetoric. >> i will not reduce the taxes paid by high income americans. regulation is essential. you can't have a free market work if you don't have regulation. preexisting conditions are covered under my plan. and with regards to health care wa, we did in massachusetts is a model for the nation, state-by-state. >> stephen: yes, mitt romney's health-care plan is just like his positions, the details change state-by-state. (laughter) now-- folks, you know me-- you watch this show, you know me. as a stanch conservative i condemn any help can who-- republican who distances himself from everything he has said on the campaign trail. but it worked so [bleep] it. (laughter) besides, i mean the argument
(applause) the first half hour was an or geoof tax policy minutish-- orgy was tax policy minutia, and they moved on to the intricacies of medicare solvency it was off the hook, in that it would have been more interesting to listen to a dial tone. (laughter) but however wonky it got last night there was no miss tacking that there was a fire breathing leftie on that stage spewing heated socialist rhetoric. >> i will not reduce the taxes paid by high income americans. regulation is...
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running on this tax plan. now, five weeks before the election, he's saying that his big bold idea is never mind. >> my priority is jobs. there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> reporter: while romney made the case that he would be better at creating jobs, the president questioned how the former governor would control the financial sector. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? >> look, we have to have regulation of wall street. that's why i'd have regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. this is the biggest kiss that's been given to new york banks i've ever seen. >> reporter: on to health care. romney returned to his recurring theme, calling obamacare a job killer. >> i just don't know how the pres
running on this tax plan. now, five weeks before the election, he's saying that his big bold idea is never mind. >> my priority is jobs. there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> reporter: while romney made the case that he would be better at creating jobs, the president questioned how the former governor would...
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Oct 7, 2012
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Oct 4, 2012
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we cut taxes for middle class families by about $3600. the rope is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a compute fore their kid going off to college. >> the interest and the principal -- >> there are two more presidential debates and one vice presidential debate still coming up. >> who do you think won the debate? was there a clear winner? that is the question we are talking about this morning. we want to hear your thoughts an invite you to post them on our facebook page. we will share your comments throughout the morning. >>> other stories making headlines, a voter watchdog group says it has uncovered voter fraud in maryland. the group election integrity maryland claims it found evidence that some people registered to vote using the names of dead people or registered to vote twice in
we cut taxes for middle class families by about $3600. the rope is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a compute fore their kid going off to college. >> the interest and the principal -- >> there are two more presidential debates...
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. >>> jobs, taxes, healthcare, and big bird! the first perez dishl debate is in the book -- presidential debate is in the books. >> looking at the cbs news instant polls, the former governor apparently knocked it out of the park. 500 uncommitted voters were asked who won this debate. 46% said romney was the winner, while only 22% said that the president was the victor this time. as for their view of romney, the man who has been fighting to ensure that he relates to the average american, 56% of the polls said they had a better opinion of the former governor after this debate. what started out as cordial quickly became heated. >> his proposal calls for a $5 trillion tax cut on top of $2 trillion of additional spending for the military. and he is saying that he is going to pay for it by closing loopholes and deductions. he's been asked over 100 times how he would close those loophole, and he hasn't identified them. >> if the tax plan he described airplane tax plan i was asked to support, i'd say absolutely not. i'm not looking for
. >>> jobs, taxes, healthcare, and big bird! the first perez dishl debate is in the book -- presidential debate is in the books. >> looking at the cbs news instant polls, the former governor apparently knocked it out of the park. 500 uncommitted voters were asked who won this debate. 46% said romney was the winner, while only 22% said that the president was the victor this time. as for their view of romney, the man who has been fighting to ensure that he relates to the average...
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minimum tax. when you do that over ten years you put $5 trillion hole in your revenue. so that's where obama gets $5 trillion tax cut. but governor romney says he will make up that money through eliminating loopholes, tax deductions that sort of thing but he hasn't specifically said which one his would target. but that's how he can say, i don't have a $5 trillion tax cut. obama can come back and say you haven't given specifics how can we believe it really adds up. in fact every study nonpartisan that has looked at this has said that you know, unless you really tweaked the numbers, there's not justify money out there to fill that $5 trillion hole. >> so, glenn, the president said she's the guy plan to cut $4 trillion in the deficit. here's how he describes that plan. >> the way we do it is $2.50 for every cut, we ask for a dollar of additional revenue. governor romney earlier mentioned the bowles-simpson commission. well that's how the commission bipartisan commission, that talked about how we shou
minimum tax. when you do that over ten years you put $5 trillion hole in your revenue. so that's where obama gets $5 trillion tax cut. but governor romney says he will make up that money through eliminating loopholes, tax deductions that sort of thing but he hasn't specifically said which one his would target. but that's how he can say, i don't have a $5 trillion tax cut. obama can come back and say you haven't given specifics how can we believe it really adds up. in fact every study...
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listen to this. >> governor romney and i both agree our cooperate tax rate is too high. we both agree we've got to boost american energy production and it appears we've got some agreement that a marketplace to work has to have some regulation. i suspect that on social security we've got a somewhat similar position. >> you understand what he was trying do there? >> yeah, i do. >> i got a bit confused. >> i think you're right, wolf. and i think that is a disastrous approach. the truth of the matter is mitt romney right now is the head of a right-wing extremist party called the republican party. it wasn't always the case. that's what they are today. if the president cannot differentiate himself clearly from right-wing extremism, we've got a lot of problems as a nation and he's got problems as a candidate running for re-election. in terms of social security, it is absurd for the president to say that he and romney are coming down in the same way. social security today has a $2.7 trillion surplus. social security hasn't contributed one nickel to the deficit, can pay out benef
listen to this. >> governor romney and i both agree our cooperate tax rate is too high. we both agree we've got to boost american energy production and it appears we've got some agreement that a marketplace to work has to have some regulation. i suspect that on social security we've got a somewhat similar position. >> you understand what he was trying do there? >> yeah, i do. >> i got a bit confused. >> i think you're right, wolf. and i think that is a disastrous...
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WBFF
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tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, its up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs. i don't want to cost jobs.+ my priority is jobs. what i'd do is bring down the tax rate, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. get the breaks down, lower deductions and exemptions, to create more jobs. there is nothing better for+ getting us to a balanced budget and having more people working, earning more money, pay more taxes. that is by far the most effective and efficient way to get this budget balanced. >> you mmy want to move on to another topic, but i would just say to the american people, if
tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, its up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs. i...
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to provide tax relief to people in the middle class. i'm not going to reduce share of taxes paid by high income people. >> reporter: romney said he would close tax loopholes and limit reductions to the rich. >> the president: it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdenning the middle class, it is math, -- arithmetic. >> i like the way we did it in massachusetts. >> reporter: romney said he would repeople obama care but not all the parts people like. >> number one, preexisting conditions are covered under my plan. young people are able to stay on their family plan. >> the president: what your plan does is duplicate what already law. >> reporter: the president's responses did not pin romney to what he said during the prime reese and he was able to reframe his positions. >> you have to have regulation there's some parts of dodd-frank that make sense. >> reporter: where romney was weakest was in specifics. the president aid that poi
to provide tax relief to people in the middle class. i'm not going to reduce share of taxes paid by high income people. >> reporter: romney said he would close tax loopholes and limit reductions to the rich. >> the president: it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdenning the middle class, it is math, -- arithmetic. >> i like the way we did it in massachusetts....
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on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what he passed in massachusetts as an example of a bipartisan compromise and a model for the whole country at the state level. >> we've seen this model work really well. in massachusetts because governor romney did a good thing, working with democrats in the state to set up what is essentially the identical model. >> i like the way we did it in massachusetts. entirely on a partisan basis instead of bringing america together and having a discussion at this important topic, you pushed through something that you and nancy pelosi and harry reid thought something was the best answer and drove it thr
on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what...
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no economists can say mit rom if i's tax plan adds $5 trillion when i say i will not add to the tax plan with my plan. >> for 18 months you've been running on this tax plan. now five weeks before the election, he's saying that his big bold idea is never mind. >> reporter: so a lot of back and forth during the debate. it was difficult to tell at times who was telling the truth. one thing as i mentioned, one thing that was noticeably absent from the debate were the personal attacks, especially that president obama never once mentioned romney's 47% comment, his taxes, his offshore bank accounts, none of that but still even without the personal attacks, that didn't turn away viewers. this was the most tweeted about political event in u.s. history. andrea, mike, get this. 10.3 million tweets about the debate in just 90 minutes. amazing. >> it is. thank you. we'll keep following this and have more reports later on in the morning from kristen fisher -- kristin fisher. >>> the morning after reports have mostly given the debate win to mitt romney. former governor bob ehrlich says president obama
no economists can say mit rom if i's tax plan adds $5 trillion when i say i will not add to the tax plan with my plan. >> for 18 months you've been running on this tax plan. now five weeks before the election, he's saying that his big bold idea is never mind. >> reporter: so a lot of back and forth during the debate. it was difficult to tell at times who was telling the truth. one thing as i mentioned, one thing that was noticeably absent from the debate were the personal attacks,...
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he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told us a word about how he is going to pay for it. the three things he wants to do, have the 20% across the board rate cut and have it paid for while protecting a bunch of tax cuts, they can't be done at once. something has to give and we don't know what it will be. >> he is wrong. because, if we give them the allowance that you are willing to give him, that will be the first time in the history of the discussion of tax policy in our government that anyone has been able to say i don't have a $5 trillion tax cut beca
he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told...
WHUT (Howard University Television)
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addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from
addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid...
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at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, the top 3%, they're the job creators, they'd be burdened. but under governor romney's definition, there are millionaires and billionaires who are small business. do
at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to...
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. >> governor romney has a perspective that says, if we cut taxes, skew towards the wealthy and roll back regulations that we'll be better off. i've got a different view. >> i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates. >> reporter: the republican nominee revealing his plan to reduce the deficit. >> what things would i cut from spending? >> i will eliminate all program by this test if they don't pass it. is the program so critical, it is worth borrowing money from china? if it's not, i'll get rid of it. >> governor romney rote what we did in massachusetts could be a model for the nation. >> as president, i will sit down on day one, the day after i get elected, i'll sit down with democratic leaders. >> he will also repeal obamacare on the first day which will not be very popular among democrats as you are sitting down with them. >> reporter: the vice presidential candidates have their one and only showdown next week. once the debates are completed near the end of this month, there will only be about two more weeks in the campaign seaso
. >> governor romney has a perspective that says, if we cut taxes, skew towards the wealthy and roll back regulations that we'll be better off. i've got a different view. >> i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates. >> reporter: the republican nominee revealing his plan to reduce the deficit. >> what things would i cut from spending? >> i will eliminate all program by this test if they don't pass it. is the...
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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that means probably raising taxes or at least cutting some loopholes and making the tax code simpler, raising revenue, making some investments but maybe curbing entitlements. >> i want to bring in ralph nader, three-time presidential candidate and author of the new book called "the 17 solutions." always good to have you on the program. thanks for being here. mitt romney is painting himself as a defender of the middle class. he says he won't raise taxes on the middle class, won't cut education. has a plan to cover people with pre-existing conditions. is this the real mitt romney? give us your take on this economic debate. >> it's clearly the new fake romney on the debate and president obama couldn't adjust in time. he said what's this? and i think it's the old romney that counts. i think the 47% really reflected his plutocratic personality, and he still has tattend to his bas, which is the primary base. that's what's going to bring him down. >> that's the political reality. there is a reality that there are people out there who want to know what these guys are going to do going forward
that means probably raising taxes or at least cutting some loopholes and making the tax code simpler, raising revenue, making some investments but maybe curbing entitlements. >> i want to bring in ralph nader, three-time presidential candidate and author of the new book called "the 17 solutions." always good to have you on the program. thanks for being here. mitt romney is painting himself as a defender of the middle class. he says he won't raise taxes on the middle class, won't...